Epic Games has bounced back from a period of relative quiet with a string of new Fortnite reveals, and its VR title Couch Knights. However, studio co-founder Tim Sweeney has teased another “high end” game that will “push next generation graphics.”

Unreal Tournament is not in-development at Epic Games, studio founder Tim Sweeny has confirmed. During a GDC panel last night; he added that no games in that universe are being made right now, pouring cold water on the hopes of fans.

During Nvidia’s Montreal conference, id Software and Oculus Rift man John Carmak said during the Q&A portion of a panel that if it has been “some other random” company other than Valve to come out and announce SteamOS and Steam Box, he would have been “pseudo-scornful” of the move.

Epic Games will be demonstrating desktop PC game content developed with Unreal Engine 4 using NVIDIA’s next-generation mobile processor, “Project Logan” during SIGGRAPH 2013 which runs through July 25 in Anaheim.

PS4 was revealed last night and with it, a live tech demo of Unreal Engine 4. Epic Games has issued a statement on its pairing with Sony this morning. We’ve also got footage of the demo in action below.

Epic’s Tim Sweeney has told GDC Taipei that blockbuster, “$30 million” games are to invade Asian markets “within the next five years or so” as free-to-play, global products. Freemium, he said, is the only way of the future for all gaming.

In a feature on Gamasutra, various high-profile developers have discussed what they wish to see from next-gen systems. Epic game founder Tim Sweeny participates in the discussion, as does Capcom’s Christian Svensson, Carl Jones, Crytek’s director of global business development, Carl Jones, and DICE GM Karl-Magnus Troedsson among others.

Next-gen consoles like the next Xbox or PlayStation 4 need to bring their A-game in having their power maxxed out so consoles can “remain relevant for another generation,” Epic CEO Tim Sweeney has told GI International.